News & Blog

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News & Blog

Our expert faculty are frequent contributors to consumer-based media as well as to more scholarly academic publications. Keep current with recent developments in the retirement income planning field and check out the latest articles from the thought leaders who are part of the The American College New York Life Center for Retirement Income.

With many Americans reviewing their financial situation after the passage of the Tax Cuts and Jobs Act, it is important that any life insurance needs are also reviewed at this time. The reality is that many people do not think about life insurance as a financial asset and don’t review their life insurance needs frequently enough.

Much has been written about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, there are also some classic financial missteps that plague retirees.

One of the most common questions advisers get from clients about their retirement plans or investment portfolios is: How am I doing? The root of that question could speak to how individuals are tracking against their goals, how they’re tracking against their peers, or a combination of the two.

The federal tax code is undergoing its first significant makeover in 30 years. The new tax law, most of it effective just days after President Trump signed it right before Christmas, installs a bevy of changes, some sweeping, some tweaking.

Conventional wisdom used to be that as people got older, they moved assets out of the stock market into more conservative investments like bonds. But the most recent data from the Federal Reserve shows that today’s retirees aren’t necessarily following that guidance.

The Tax Cuts and Jobs Act, passed into law in late 2017 and mainly taking effect in 2018, will be transformative for many Americans and businesses. For the most part, tax laws relating to retirement plans and retirement planning were left alone, with no major modifications.

Now, investor cash is starting to flow into the exchange-traded funds (ETF) business related to blockchain, the technology that drives cryptocurrencies. Investors poured $240 million into two new blockchain ETFs launched on Jan. 17.

For the last several years, there has been a major industry-wide push to spread awareness among the financial advisor community about how reverse mortgages can be a powerful tool in retirement planning. But recent changes to the product that lower principal limits and change mortgage premiums have some worried that the HECM has lost its appeal among financial advisors.

Financial advisors should be watching blockchain technology carefully given the growing interest by investors in new exchange traded funds in the sector. Advisors need to provide more specific knowledge to investors about the technology and realize that regulators appear more interested in the industry, too, according to specialists in the field.